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Mechel OAO Announces Production Plans for 2013-Interfax

Tuesday, 16 Apr 2013 12:44am EDT 

Interfax reported that Mechel OAO plans to produce 5.5 million-6 million tons of steel in 2013, Vice President for Economics and Business Development Mr. Oleg Korzhov said during a conference call. Mechel OAO produced 6.5 million tons of steel in 2012. It plans to produce 6.5 million tons of rolled product in 2013. Output of iron ore will total 4.5 million tons and coal 24 million-25 million tons. Actual steel production will depend on operations at the Company's Ukrainian subsidiaries, he said. Mechel OAO produced 4.4 million tons of iron ore concentrate and 27.7 million tons of coal last year. Mr. Korzhov said actual figures would depend on the market situation, and primarily the performance of the Ukrainian division. 

Company Quote

-0.02 -1.16%
29 Aug 2014